Don't sell your precious BTC to the whales! - page 7.

EdenHazard

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Quote from: nurilham on June 13, 2022, 04:51:09 PM

This may be the ideal one to think. But sometimes, we don't know what will happen to us. not everyone is a holder or long-term investor. SO, we cannot be sure enough that we will not sell our BTC. Sometimes, we need money to cash out also r take profits. But yes, 1BTC=1BTC

Well if you put your whole live savings in a single basket in bitcoin then that's the problem.
You will never get a place where you could just living your life during these hard times of bitcoin market crashes ... and comeback later whenever the crash turned into an unstoppable bullish.

Get your backup money now and keep the rest of it in bitcoin , that's one or another way to have a wealthy life in the future through the bitcoin firtune!

Natalim

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BTC to the MOON in 2019

Quote from: coolcoinz on June 13, 2022, 05:54:50 PM

Quote from: nurilham on June 13, 2022, 04:51:09 PM

This may be the ideal one to think. But sometimes, we don't know what will happen to us. not everyone is a holder or long-term investor. SO, we cannot be sure enough that we will not sell our BTC. Sometimes, we need money to cash out also r take profits. But yes, 1BTC=1BTC

It doesn't mean you cannot be. We've all started somewhere!

If you need money to cash out, it means you've invested too much. This is a problem of many people who get too greedy. They have 10k in the bank, they invest it all and the price goes down and they get stuck in this greed not wanting to take a loss and at the same time begging family and friends for some money to pay the bills.

I'm heavily invested, probably 90% of all my money is in bitcoin, but that 10% that I have lying around is enough to survive another 2 years if I need to. I won't be able to buy myself nice things, but I won't be going into debt either.

And they feel worried when seeing their portfolio going down, then cashing out is possible to secure some of their money. I believe this was the common sentiment of those people who think investing in Bitcoin and crypto will make them rich instantly without considering some instances that they may lose if being triggered with panic selling just like this time.

That is to say that real investors could wait longer and neglect market pressure while casual investors are easily got affected by the FUDs, and price fluctuations.

coolcoinz

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Quote from: nurilham on June 13, 2022, 04:51:09 PM

This may be the ideal one to think. But sometimes, we don't know what will happen to us. not everyone is a holder or long-term investor. SO, we cannot be sure enough that we will not sell our BTC. Sometimes, we need money to cash out also r take profits. But yes, 1BTC=1BTC

It doesn't mean you cannot be. We've all started somewhere!

If you need money to cash out, it means you've invested too much. This is a problem of many people who get too greedy. They have 10k in the bank, they invest it all and the price goes down and they get stuck in this greed not wanting to take a loss and at the same time begging family and friends for some money to pay the bills.

I'm heavily invested, probably 90% of all my money is in bitcoin, but that 10% that I have lying around is enough to survive another 2 years if I need to. I won't be able to buy myself nice things, but I won't be going into debt either.

nurilham

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This may be the ideal one to think. But sometimes, we don't know what will happen to us. not everyone is a holder or long-term investor. SO, we cannot be sure enough that we will not sell our BTC. Sometimes, we need money to cash out also r take profits. But yes, 1BTC=1BTC

Hamphser

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Quote from: virtualdn on June 13, 2022, 03:34:42 AM

We've been here before, you are just making the whales richer, selling your precious BTC for pennies (crappy fiat). The storm will pass, hodl, or try to accumulate even more BTC, it's a great time to buy for cheap. We will make it this time too. Even if BTC goes down to $15,000 nothing is forever. Remember $20,000 down to $3,000? Been through that storm too. Remember, 1 BTC = 1 BTC. To the Moon!

People should have this kind of mindset about 1BTC=1BTC and even if its monetary or fiat value had decreased which means that it isnt really over but rather its an opportunity to buy in bargain or in big discount.

Just mind yourself about on possible events to happen on next years specially on that halving event which is fast approaching.We couldnt tell precisely about u-turn or assurance of price increase but we've been there.

We've seen the worst back into those 3k days but eventually we did really make out some nasty price uturns and breaking ATH moments.

Kasabus

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Quote from: virtualdn on June 13, 2022, 03:34:42 AM

We've been here before, you are just making the whales richer, selling your precious BTC for pennies (crappy fiat). The storm will pass, hodl, or try to accumulate even more BTC, it's a great time to buy for cheap. We will make it this time too. Even if BTC goes down to $15,000 nothing is forever. Remember $20,000 down to $3,000? Been through that storm too. Remember, 1 BTC = 1 BTC. To the Moon!

Only those weak hands will do that, selling their bitcoin because they started to get panic seeing bitcoin consistently dropping its price. And when they start selling, they will all bound to lose and make them poorer, while those big whales are celebrating again because everything turns out in their favor that makes them even more richer. But for those strong hands, everything we have seen in the market right now is temporary so always take the big advantage and buy a lot of bitcoin as we don't hold its price after today.

justdimin

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Quote from: sunsilk on June 13, 2022, 05:35:30 AM

It's true that we've been here. If you're new then for sure that no ones to blame if you're ever feeling to panic.

But for us, who have been here during the toughest bear market like in 2018, we know what to do and we just have to chill and if you have money to spend, buy bitcoin.

Being patient is one of the factors that will save you survive this bear and will also help you to be one of those people that will have a good moment when we're back in bull.

This is true, I have been here not only during 2018 but during 2014-2015 period as well and I know that this is temporary. Of course there are still some situations, like the business I am part of is a business that deals in crypto and I get paid in crypto, so that means when the crypto is not bull at all, and it is in a bear market like right now, it is dangerous because the business could go badly and I may earn less, which is a scare.

But for investors, it is really nothing shocking, I have investments made from all over the place and I can easily say that I am fine, why? Because I know for a fact that it will recover, don't know when, but it will, so I am quite fine.

taufik123

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it depends on the psychology of each person. The market as it is today is a good opportunity to add to the bitcoin payload. But do we still have the money to buy it?
we are expected to have some spare money. bitcoin crash to $ 15,000 could happen quickly, we must be prepared with all the risks that will occur. The storm will surely pass, who can survive they will get the result. Many say after this storm the $100,000 ATH will be reached, I would hope so too, but we also need to be prepared for other possibilities. need to be patient and increase the amount of bitcoin portfolio.

molsewid

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Quote from: virtualdn on June 13, 2022, 03:34:42 AM

We've been here before, you are just making the whales richer, selling your precious BTC for pennies (crappy fiat). The storm will pass, hodl, or try to accumulate even more BTC, it's a great time to buy for cheap. We will make it this time too. Even if BTC goes down to $15,000 nothing is forever. Remember $20,000 down to $3,000? Been through that storm too. Remember, 1 BTC = 1 BTC. To the Moon!

Yeah, but we cannot force them especially those who are new in crypto, if they want to sell btc for good then let them, it will be their lost for sure but maybe not if they did that because they badly needed that fiat. Whales is waiting for this special moment, they will accumulate as much as they can, new and small traders might sell but old traders or those who are willing to take the risk will still hodl it till the end.

erep

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Quote from: virtualdn on June 13, 2022, 03:34:42 AM

Remember, 1 BTC = 1 BTC. To the Moon!

I may have forgotten something so far that 1 BTC = 1 BTC, so we can forget the latest USDT estimates because overthinking a 13% decline will create panic in portfolio asset management. So the bear market will probably persist into the year, although the decline occurred in the last week but it will take months to recover. We will be preparing for a new ATH in the next few years, such pattern of movement is always repeated in the history of BTC from year to year.

hyudien

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Quote from: virtualdn on June 13, 2022, 03:34:42 AM

We've been here before, you are just making the whales richer, selling your precious BTC for pennies (crappy fiat). The storm will pass, hodl, or try to accumulate even more BTC, it's a great time to buy for cheap. We will make it this time too. Even if BTC goes down to $15,000 nothing is forever. Remember $20,000 down to $3,000? Been through that storm too. Remember, 1 BTC = 1 BTC. To the Moon!

While we've gone through various bear currents at every phase, we still cling to the belief that this is normal. Not because of FUD or things that make us sell in times of decline like this so believe me next year we will be much crazier. Bitcoin is natural, and when the naturalness of a bear market arrives, we just need to take a break and buy more. Instead of selling, remember that the current salesperson is the expression on the face of regret that we will see in the future.

LegendaryK

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Quote

Don't sell your precious BTC to the whales!

If the price is dropping this fast,
the whales are the ones selling.
$23k and dropping fast.

Cool

LodisMcguire

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How many times has this happens,for people who understand,of course the hodl way is the right way.There are already many FUD everytime this happen,so it will not be effective for people who already witness ATH in november 2021.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: virtualdn on June 13, 2022, 03:34:42 AM

We've been here before, you are just making the whales richer, selling your precious BTC for pennies (crappy fiat). The storm will pass, hodl, or try to accumulate even more BTC, it's a great time to buy for cheap.

The panic drives the storm more than what the initial impact did, nothing we can do to stop them. I doubt any of these panic sellers have the idea to read threads on this forum when the market is having rapid movements.

If the price goes below 20k USD I will start buying again, which I had kept on a hold during these jittery movements between 28-30k USD. Even so the 15k USD range is also possible, so keep fiat at hand if you want to take advantage of this. I do expect the next support level to come in at 20k because of the preference to terminal digits and round figures.

The reason whatsoever be behind this, newbies should treat them as just numbers. Buy at the low but be careful during a bear dump because lower than normal prices are possible.

budz0425

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Quote from: RimmusD on June 13, 2022, 10:03:29 AM

I think there is no reason to sell now, only to buy and wait

Yes, especially when your portfolio is down like half, accumulate more at this bear. don't sell when losing or you will never get recover. I have my holding not much
waiting for the bull market and harvesting my sweet cherry tomato.

amishmanish

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Ultimate principle of money.. Money makes money,, We are seeing this is since time immemorial. I think emergence of bitcoin is once in a lifetime phenomenon when the monetary value is created anew through digital means. It gave opportunity to many to earn good. But as like with any financial system. Bitcoin too is becoming holding of few uber rich while people like us will be making few bucks only. So Hodl. Bitcoin will gibve you returns

RimmusD

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I think there is no reason to sell now, only to buy and wait

suzanne5223

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Quote from: Snowshow on June 13, 2022, 05:07:10 AM

What makes BTC precious, except the fact that people were clicking the Ask and accepting the higher prices? If no one wants to accept the Ask, you're left with nothing. Nothing is not precious.

That's the problem, most newbies believe what makes BTC precious is the price and I am sorry to disappoint you buddy there's more to BTC than the price of it in the market.

Quote from: Franctoshi on June 13, 2022, 04:02:48 AM

Anybody that properly understands Bitcoin wouldn't be selling at this point in time, because now is indeed the best time to accumulate.

No, people who understand Bitcoin will still sell but it depends on the purpose of their selling because we have people who sell their BTC because they hold almost their funds in BTC and there's no way they can spend on their daily activities without BTC, some will sell for emergency purpose and some will sell through panic which is what I don't support.
Like you said this is time for accumulation which I agreed but at some point, some things are more important than what we want though and it is better to set DCA in other not to miss this current opportunity presented by the market.

arwin100

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Quote from: virtualdn on June 13, 2022, 03:34:42 AM

We've been here before, you are just making the whales richer, selling your precious BTC for pennies (crappy fiat). The storm will pass, hodl, or try to accumulate even more BTC, it's a great time to buy for cheap. We will make it this time too. Even if BTC goes down to $15,000 nothing is forever. Remember $20,000 down to $3,000? Been through that storm too. Remember, 1 BTC = 1 BTC. To the Moon!

Not really good to sell right now if you are at loss because you will not get a chance to recover your capital once bitcoin price pump up again. Much better that is to hold until recovery phase happen and grab another capital to use for buy back at the cheaper price because for this we can maximize our profit in future. We already see the worst and the current happening which remind us not to commit a mistake like we did on year 2018 where people get panic and never bought anything when price of bitcoin and all alts are in so cheap.

bitzizzix

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Quote from: pawanjain on June 13, 2022, 08:06:02 AM

Quote from: virtualdn on June 13, 2022, 03:34:42 AM

We've been here before, you are just making the whales richer, selling your precious BTC for pennies (crappy fiat). The storm will pass, hodl, or try to accumulate even more BTC, it's a great time to buy for cheap. We will make it this time too. Even if BTC goes down to $15,000 nothing is forever. Remember $20,000 down to $3,000? Been through that storm too. Remember, 1 BTC = 1 BTC. To the Moon!

Been there, experienced it. This is the reason why I am not panicking at all.
It feels a different sense of relief when you know that bitcoin will definitely recover from the dump and create a new ATH.
I am not selling my precious coins lower than $60k. In fact, I will accumulate more at regular intervals to make my stack bigger.
This is the only strategy that will work wonders in the long run.

I've also been there, even experienced it several times when bitcoin went up high and then dropped drastically, and I think especially those who have been in this industry for a long time have also experienced it so things like this have become commonplace.
we know what whales are and also know what role whales play in this industry, so I'm not going to sell them at unreasonable prices. This is actually the best time for me to increase my holdings, and given bitcoin's history of going up then dropping back and rising back above the previous high price.

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